Samsung and Texas Instruments to Receive Billions of Dollars in US

Several American semiconductor manufacturing plants, projects by Samsung Electronics and Texas Instruments in the states of Texas and Utah, are receiving billions in government support.

 
The US Department of Commerce announced this. The support is part of the Biden administration’s CHIPS act, which aims to anchor the production of semiconductors in the US. South Korean Samsung will receive 4.75 billion dollars.

This money should help complete the 37 billion dollars in investments to strengthen the production lines and existing research and development units in Texas. In this way, 3,500 additional jobs would be created.

 
Texas Instruments will receive $1.6 billion in a $18 billion project to build next-generation semiconductor manufacturing facilities in Texas and Utah, creating 2,000 jobs.

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